November 2014 News
Ballard Hardware changes name
Seattle-based Ballard Hardware & Supply has changed its name to Ballard Industrial.
Fullerton Tool breaks ground on second facility
Fullerton Tool Company held a groundbreaking ceremony today for an additional facility in Saginaw, Mich.
Hexagon Metrology opens solution center
Hexagon Metrology announced the opening of its Fremont Solution Center in Fremont, Calif.
PIP USA names new VP
Protective Industrial Products appointed Kurt Wanner to the newly created position of vice president of national accounts.
MAPI: Manufacturing product should outpace GDP
Strong growth in jobs plus replacement demand for equipment from businesses will provide a stable base for overall economic growth, according to a new report.
Chicago Fed: Economy moderated in October
The Chicago Fed National Activity Index moved down to +0.14 in October from +0.29 in September.
Carr Supply opens Lima, OH branch
Carr Supply has opened a new branch in Lima, Ohio, making it the company's 18th branch.
Advantage Machine & Tool merges with Stellar Industrial
Stellar Industrial Supply announced the signing of a definitive agreement to join forces with Advantage Machine & Tool Inc. of Billings, Mont.
Lincoln Electric acquires RealWeld Systems
Lincoln Electric Company has acquired live arc welding training system manufacturer, RealWeld Systems Inc., and the associated intellectual property from EWI.
MSC Industrial CFO to retire
MSC Industrial announced that Jeff Kaczka, executive vice president and chief financial officer, plans to retire.
Weiler announces multi-million dollar expansion
Weiler Corporation announced a multi-million dollar initiative to improve customer service and position the company for future growth.
WinWholesale opens Capitol Heights Winsupply
Capitol Heights Winsupply has opened to provide fire sprinkler equipment, supplies and fabrication services to contractors in the Greater Baltimore/Washington, D.C. area, including northern Virginia.
Timken acquires Revolvo Ltd.
The Timken Company has reached agreement with ERIKS NV to acquire the assets of Revolvo Ltd., a specialty bearing company based in Dudley, U.K.
ISA members see mixed results
The November ISA Economic Indicator Report (EIR) from the Industrial Supply Association showed mixed results for manufacturers and distributors for the month of October.
Manufacturing output rose in October
Industrial production edged down 0.1 percent in October after having advanced 0.8 percent in September.
Stevens to retire from Motion Industries
Genuine Parts Company announced today that Bill Stevens, chairman and CEO of Motion Industries, plans to retire on March 1, 2015.
Kennametal names new CEO
Kennametal Inc. named Donald (Don) A. Nolan as the company's president, chief executive officer and member of the board of directors.
PTDA Business Index shows growth
The PTDA Business Index for the third quarter indicates slowing but continued positive growth.
Applied Industrial Technologies opens Calif. DC
Applied Industrial Technologies announced that it opened a distribution center in Fontana, Calif., to serve its Applied Maintenance Supplies & Solutions business.
Southern Fastening merges with Carlson Systems
Southern Fastening Systems and Carlson Systems announced the combination of two longtime leaders in fasteners, fastening systems and packaging.
Rockwell Automation sales rise 3.9 percent
Rockwell Automation reported fiscal 2014 fourth quarter sales of $1.78 billion, up 3.9 percent from $1.71 billion in the fourth quarter of fiscal 2013.
Allied Motion income soars
Allied Motion Technologies Inc. said its net income increased 394% to $4.1 million for the third quarter, boosted by the acquisition of Globe Motors.
Cutting tool consumption up in September
September U.S. cutting tool consumption totaled $176.5 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology.
Grainger October sales up 6 percent
Grainger reported sales for the month of October increased 6 percent versus October 2013.
Manufacturing technology orders rise dramatically
September U.S. manufacturing technology orders rose by 77.3% compared to August and were up 61.4% compared to September 2013.
Fastenal CEO Oberton to resign
Fastenal chief executive officer Willard D. Oberton announced to the company's board of directors that he intends to resign effective Dec. 31.
Factory and construction jobs on the rise
The employment picture for the manufacturing and construction industries brightened last month, according to the U.S. Bureau of Labor Statistics.
Fastenal Oct. sales up by 14.6 percent
Fastenal reported that its sales for the month of October were $356.3 million, a 14.6 percent increase over October 2013.
GHX acquires Specialty Rubber & Gasket
Houston-based GHX Industrial, a subsidiary of The United Distribution Group, has acquired Specialty Rubber & Gasket of Decatur, Ala.
Industrial Supply Co. supports Utah Food Bank
Industrial Supply Company presented a check for $20,000 to the Utah Food Bank during a recent annual 4-H Purchased Meat Program food sorting event.
Inaugural Wendy B. McDonald award winner named
The PTDA Foundation presented Pat Wheeler of Motion Industries (Canada) with its inaugural Wendy B. McDonald Award.
Manufacturing productivity up by 3.2 percent
Nonfarm business sector labor productivity increased at a 2.0 percent annual rate during the third quarter of 2014, the U.S. Bureau of Labor Statistics reported today.
IBC announces award winners
Buying group network IBC recognized top distributors and suppliers at its annual National Meeting Oct. 18-20 at the Sheraton Chicago O’Hare Airport Hotel in Rosemont, Ill.
Former AD executive Mechlin is remembered
Stu Mechlin, a former senior vice president of Affiliated Distributors, passed away on Nov. 1. He was 66 years old.
Durable goods orders decline
New orders for manufactured goods decreased 0.6 percent in September to $499.4 billion, the U.S. Census Bureau reported today.
Applied acquires Ira Pump & Supply Co.
Applied Industrial Technologies has acquired Ira Pump & Supply Co., Inc., a supplier to the upstream oil and gas industry in West Texas, including service to the Permian Basin.
DXP Enterprises sales up 17.4 percent
DXP Enterprises reported third quarter sales increased 17.4% to $387.1 million, compared to $329.7 million for the third quarter of 2013.
Kaman sales up 13 percent
Kaman Industrial Technologies reported third quarter sales of $308.5 million, a 13 percent improvement from $272.9 million recorded in last year's third quarter.
October manufacturing expands
Economic activity in the manufacturing sector expanded in October for the 17th consecutive month.
F.W. Webb Company acquires Watertown Supply
F.W. Webb Company, a wholesale supplier of plumbing, heating, cooling and industrial PVF in the Northeast, announced the acquisition of Watertown Supply.
AD member sales up 8 percent
Affiliated Distributors reported 8% growth across all AD divisions in the third quarter.
Bowersock recognized for years of service
North American Tool Corporation presented Bernie Bowersock, senior vice president of sales and marketing, with an Industrial Supply Association (ISA) Golden Eagle Award for his years of service and significant industry contributions.
Ag Chains Plus joins IDC-USA
IDC-USA welcomed Ag Chains Plus as a member of the distributor-owned cooperative.
McCloskey receives PTDA Warren Pike Award
The Power Transmission Distributors Association named Kevin McCloskey, Category Manager, Kaman Industrial Technologies Corporation, the 24th recipient of its Warren Pike Award.